The government is making a big push for electric vehicles. The growth forecast is high and the policy is clear. However, the uptake will depend on the ability of the state governments to create charging infrastructure. The policy field was cleared last year. The ministry of power clarified in Apr 2018 that charging stations do […]

The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital to expand its solar energy generation capacity in India. The ADB and Avaada entered into an agreement which was signed by the chairman of the […]

Recognized as one the leading mining nations in the world Polish government has prepared ‘West Bengal Project’ that was discussed recently during Bengal Global Business Summit. Poland was partner country of the summit for a third time in a row. Poland looks for collaboration with both PSUs and the biggest private players. During a recent […]

India’s SpiceJet Ltd could benefit from cash-strapped Jet Airways being forced to ground planes, and the low-cost carrier is in talks with lessors to lease some of those aircraft, a person with direct knowledge of the matter told Reuters. Shares of SpiceJet rose as much as 7.2 percent on Wednesday in their biggest percentage gain […]

Indian companies are welcome to participate in Indonesia’s infrastructure projects, particularly in the Aceh province, as the island nation makes development a priority, a senior minister has said. Addressing a gathering of chief executives of the Indian companies at the 2nd India-Indonesia Infrastructure Forum (IIIF) in Jakarta, country’s Coordinating Minister of Maritime Affairs Luhut Binsar […]

Day: January 2, 2019

MUMBAI: Road fatalities in Mumbai reduced by 21% from 490 in 2017 to 389 last year, indicating that interventions are making a difference. Fatal road crashes and deaths were the lowest in 2018 compared to the previous four years. The traffic police have attributed the reduction in figures to their focus on ‘black spots’ and […]

MUMBAI: The non-subsidised LPG price fell a sharp Rs 120.50 to rest at Rs 660 per 14.2 kg domestic cylinder in the city on Tuesday, the first day of the New Year. The overall fall was Rs 253.50 in the past two months, the biggest drop of late. Last month, the price of a non-subsidised […]

New Delhi, Jan 1 () Air India, which is going through an extremely difficult financial situation, is working to improve services as well as expand domestic and international routes, its chief Pradeep Singh Kharola said.

Crude oil imported from America is not cheap and a charter from the US takes 40-45 days to arrive in India as opposed to the 5-10 days from the Gulf. Yet, there is a push to buy US crude oil as it is expected to bring down the trade imbalance between Washington and New Delhi.

Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday allowed the government to reopen and recast the accounts of Infrastructure Leasing and Financial Services Ltd (IL&FS) and its subsidiaries, IL&FS Transportation Network Ltd and IL&FS Financial Services, for the past five years.

Road developer MEP Infrastructure has achieved financial closure for a hybrid annuity model (HAM) project in Maharashtra. The project involves the construction of eight lanes on the Vadape-Thane section of NH-3, which currently has just four lanes.

This is further to our intimation letter dated December 26, 2018, with respect to the application filed by the Union of India (acting through the Ministry of Corporate Affairs) before the National Company Law Tribunal (Mumbai) (NCLT) under Section 130(1) of the Companies Act, 2013, seeking permission to inter-alia re-open the books of accounts and […]

The government is making a big push for electric vehicles. The growth forecast is high and the policy is clear. However, the uptake will depend on the ability of the state governments to create charging infrastructure. The policy field was cleared last year. The ministry of power clarified in Apr 2018 that charging stations do […]